Interest rates

RBA presses go on the cash rate increase

Dr Brendan Rynne, KPMG Chief Economist, responds to the RBA’s announcement

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Cash rate move possible in July – Dr Brendan Rynne, KPMG Chief Economist, responds to RBA announcement

A rate rise will be ‘in play’ at every RBA meeting from July.

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RBA statement reveals a problem of communication rather than policy

Dr Brendan Rynne, KPMG Chief Economist comments on today’s interest rate announcement.

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Dr Brendan Rynne, KPMG Chief Economist, comments on today’s RBA announcement

The RBA Board has announced it will continue with highly accommodative monetary policy settings in the near term, albeit with a couple of the monetary policy levers notched back a step.

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Dr Brendan Rynne, KPMG Chief Economist, comments on RBA rate decision

As anticipated, the Reserve Bank of Australia board today left the cash rate unchanged at 0.1 percent, despite increasing noise about an impending uptick in inflation and wages. KPMG believes…

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Dr Brendan Rynne, KPMG Chief Economist, responds to RBA cash rate announcement – is the bond market right or is the RBA?

Even with the current surge in house prices, the RBA has not changed the cash rate today – no surprise, given it has been signalling rates could stay at historically low levels until 2024.

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Dr Brendan Rynne, KPMG Chief Economist, comments on today’s RBA announcement

As expected, the RBA kept its settings unchanged, and we do not anticipate any movement in the near future.

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RBA adopts ‘whatever it takes’ approach to Quantitative Easing

The RBA was obliged to cut rates to 0.25%. It is right that monetary policy should be working in a co-ordinated manner with the government’s fiscal stimulus packages.

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RBA at the monetary policy crossroads

The RBA will and should cut rates to 0.25 percent.

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Dr Brendan Rynne, KPMG Chief Economist, responds to the March 2020 rate decision

Last month it was a 50-50 call on whether the RBA would reduce the cash rate. This month it was a lot clearer – rates were rightly cut by 0.25 percent today and there will probably be another 0.25 percent cut next month.  

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Dr Brendan Rynne, KPMG Chief Economist, responds to today’s RBA rate decision

I believe the RBA was, on balance, correct to hold rates today – but it must have been a tough call.

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Dr Brendan Rynne, KPMG Chief Economist, comments on today’s RBA meeting

I would suggest that the most prudent action from tomorrow’s Board meeting is for the RBA is to keep rates on hold.

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Dr Brendan Rynne, KPMG Chief Economist, comments on RBA decision

While the decision to cut the cash rate by 25bp to 0.75 percent was priced into the market as a near certainty, the factors influencing the outcome were certainly not straightforward. 

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